Analysis of Cyber Black Market Reveals Unprecedented Global Maturity

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Storefronts - Like other forms of eCommerce, many data records, exploit kits and goods are bought and sold from storefronts -- which can encompass everything from instant messaging chat channels and forums to sophisticated stores. RAND found some organizations can reach 70,000 to 80,000 people, with a global footprint that brings in hundreds of millions of dollars.

Juniper Networks, an industry leader in network innovation, finds the cyber black markets have a mature economy with characteristics akin to those of a thriving metropolitan city. A new global report, sponsored by Juniper Networks and conducted by the RAND Corporation, reveals several economic indicators that cyber black markets have reached unprecedented levels of maturity and growth.

While there has been significant research measuring different parts of the hacker black markets, RAND's report, "Markets for Cybercrime Tools and Stolen Data: Hackers' Bazaar," examines for the first time these markets in their entirety and applies economic analysis to better understand how they function. RAND found significant levels of economic sophistication, reliability, accessibility and resilience in the products, distribution channels and actors involved in the black markets.

RAND's report, confirmed by Juniper's vast experience in the network security ecosystem, suggests the cyber black markets are a mature and growing multi-billion-dollar economy with a robust infrastructure and social organization. RAND found these black markets, like any other economy, react to market forces like supply and demand, and continue to evolve.

Juniper Networks likens the hacker black markets to a thriving metropolitan city with diverse communities, industries and interactions.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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